Ocado news and analysis – Page 31
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NewsOcado feels chill as first-quarter sales disappoint
The online grocer’s first quarter sales growth was reduced by almost one percentage point
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NewsOcado achieves near-zero levels of food waste
Ocado’s Suzanne Westlake said she believed the online retailer had ‘the lowest total food waste figures in our industry’
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NewsCity snapshot: Ocado growth hit by Beast from the East
Winter storms that caused widespread disruption during the final week of Ocado Group’s (OCDO) first quarter, reduced Ocado’s sales growth by almost one percentage point back to 11.7%. Plus, Imperial Brands disposes of US tobacco products and all the rest of the latest news from the City.
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NewsOcado improves fraud detection 15-fold with AI developments
As fraudsters change their behaviour, the new system can spot new patterns more quickly…
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NewsOcado share price takes hit as profits stall
Ocado’s share price surge came to a halt on Tuesday after it revealed its annual profits had fallen back into the red
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NewsCity snapshot: Ocado slips back into the red as cost of technology weighs on earnings
Ocado has reported a £0.5m 52-week loss despite double digit revenue growth as the cost of funding expansion and new technology hit the bottom line. Inflation drives strong grocery sales according to latest market share figures and global market slump hammers UK shares.
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NewsShort sellers lose out as Sobeys deal sends Ocado shares soaring
A surge in Ocado’s share price after signing another international supply deal has cost bearish investors over £90m
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NewsCity snapshot: Ocado signs Canada supply deal with Sobeys
Ocado has signed an agreement with Canada’s second largest food retailer Sobeys to develop an online grocery business using its Smart Platform technology.
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NewsOcado trials robot assistants for warehouse workers
Ocado said that such technology could be rolled out widely in its customer fulfilment centres by 2025…
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NewsOcado Technology to open permanent Barcelona office
The Ocado Group division first opened a temporary office in the city in 2016
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NewsOcado shares surge amid international licensing deal rumours
Hopes online grocer Ocado is soon to announce further progress on international expansion drove its shares to their highest
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NewsOcado says driver pay rates may need to rise again
The online grocer was forced to raise rates earlier this year in some areas to tackle problems with recruitment
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NewsCity snapshot: Ocado’s retail sales growth slows to 11.6% in fourth quarter
Ocado has posted a slowdown in fourth quarter retail sales growth to 11.6% amid capacity constraints owing to a shortage of drivers. PZ Cussons announced a rise in first half profits, but a 10% drop in earnings and all the rest of the latest news from the City
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Analysis & FeaturesDoes Casino mean Ocado's hi-tech gamble has paid off?
The investment at Andover now looks prescient rather than risky
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NewsOcado hails Casino deal as vindication of robot tech
The French retailer has signed up to use its robot-powered warehouse model pioneered in Andover
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NewsCity snapshot: Ocado signs international partnership with French hypermarket chain Casino
Ocado has signed an agreement with Group Casino to develop a delivery service in France. Plus soaring UK food to go sales boost annual revenues at Greencore, Unilever says plans are on track to deliver underlying sales growth of 3-5%, Cranswick sees strong first half volume growth and all the rest of the latest news from the City.
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NewsSpeakeasy launches craft spirit ice cream trio into Ocado
Ramos Gin, Spiced Rum and Cherry Brandy flavours were created with Ableforth’s Bathtub Gin, Rumbullion! and Cherry Brandy
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NewsOcado launches Amazon-style product subscription service
Using the Ocado Regulars feature, customers can choose a product they would like to be added to their basket regularly
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Comment & OpinionSupermarkets have the data to help shoppers eat healthily – but will they listen?
Many experts believe some public health measures are doomed to fail unless supermarkets start favouring products that are less calorific
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NewsOcado sees solid growth but reveals Andover investment needed
Ocado proved once again to be one of the most divisive of all grocery stocks